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The Indonesian coalmining tycoon who ousted Nathaniel Rothschild as co-chairman of Bumi has warned the group’s independent directors that their jobs are on the line.

Samin Tan, who took over from the billionaire financier as chairman yesterday, said that all the directors’ reputations would be damaged by a renewed bout of boardroom hostilities.

Mr Tan, who with the Indonesian Bakrie dynasty owns almost half the London-listed coalmining group, promised to usher in a new era of harmony. “There were political [issues] in the past, whether we liked it or not, but let’s put them to bed,” he said. “I can